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According to an article by the Equity Guru, Zinc One Resources Inc. (TSXV:Z, FSE:RH33, OTC:ZZZOF) has outlined its upcoming plans for its wholly-owned and past-producing Bongara zinc mine in north-central Peru. As their 2018 exploration program winds to a close, Zinc One has been focused on expanding and updating its resource estimate.
According to an article by the Equity Guru, Zinc One Resources Inc. (TSXV:Z, FSE:RH33, OTC:ZZZOF) has outlined its upcoming plans for its wholly-owned and past-producing Bongara zinc mine in north-central Peru. As their 2018 exploration program winds to a close, Zinc One has been focused on expanding and updating its resource estimate.
The mine was in operation between March 2007 and late 2018, but was shut down due to a bad zinc market. This left the mine with a 10 to 15 percent complete resource estimate. The focus of Zinc One’s 2018 exploration programs have been focused on updating their resource estimate. Preliminary results from the program have indicated that the resource numbers may be improved upon. Additionally, the property offers an eight-kilometer strike length that remains to be explored outside of the five known mineralized zones the company has been focusing its efforts on.
The article also talked about Zinc One’s intention to install a Waelz kiln on the property. Waelz kilns are able to processes zinc oxide ore at high temperatures in order to produce a zinc product that grades up to 70 percent zinc. This process does not create a lot of waste and what it does create can be repurposed and used as road aggregate.
Zinc One expects to complete its updated resource estimate in early 2019 before commencing work on a preliminary economic assessment (PEA), which is expected to be complete in late 2019.
To view the full article, click here.
Source: equity.guru
